The UK government is contemplating the launch of a new 'invite-only' investor visa aimed at wealthy foreign nationals willing to invest a minimum of £5 million (approximately $6 million USD) in designated priority sectors. This initiative, as reported by Bloomberg, is designed to attract individuals and entrepreneurs who can contribute positively to the UK economy through strategic investments. Successful applicants would be granted three years of residency, with a potential pathway to permanent residency after this period. The proposal is currently being circulated among wealth advisers for feedback. Notably, the new visa route will feature enhanced vetting measures and stricter background checks to ensure the integrity of applicants. This move comes after the UK government scrapped the previous Tier 1 investor visa in 2022, which allowed wealthy individuals to gain residency through substantial financial investments. The termination of that program was motivated by concerns regarding the misuse of funds and security risks associated with illicit wealth. The new scheme reflects a shift towards a more controlled approach to foreign investments in the UK.